General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.

You inspect, you may need to negotiate repairs or price changes based on your findings, the bank appraises it to ensure they can underwrite the loan, then you close.If you find yourself anxiously waiting, you can do what the vast majority of investors never do: educate yourself on how to manage a rental.

I'm not complaining and it doesn't make a difference for the next 10 years, so they can appraise it at where they like, for now! 

  $250k valuation would be the highest I would have heard about on an ADU addition in single family zoned area for a refi appraisal.  

It looks like your lender is unable to use the newly appraised value even at month 3.

Make improvements to the house to raise the appraised value. 

Is it typically a flat percentage fee based on the appraisal?

It’s now appraised far more than we paid.

Floor is just painted concrete, and that includes the 300sf which the county assessor counts as fully finished.I'm reading that DSCR rent appraisers may not count partially finished space at all, and count fully finished basement space at only 25% of the rent of main floor space in the same house.What are your thoughts--is this how it typically is for DSCR rent appraisals?

There are drawbacks however, and it certainly isn't cash as multiple draws, estimates, and appraisals are required throughout every step of the process.